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Wednesday, 22 June 1994
Page: 1840

  Consideration resumed from 20 June of House of Representatives message.

  House of Representatives amendments

(1)Clause 2, page 2, line 9, after subclause (4) insert the following subclause:

  "(4A) The amendments of the Law and Justice Legislation Amendment Act 1994 made by the Schedule commence, or are taken to have commenced, immediately after the commencement of section 91 of that Act.".

(2)Clause 2, page 2, at the end of the clause add the following subclause:

  "(6) The amendment of the Offshore Minerals Act 1994 made by the Schedule is taken to have commenced on 25 February 1994.".

(3)Clause 9, Page 6, line 27, omit ", require the person", substitute "or to an agent of such a person, require the person to whom the notice is given".

(4)Clause 9, page 6, line 33, after "State", insert "or Territory".

(5)After clause 11 page 8, add the following new clause:

Application of amendments of the Law and Justice Legislation Amendment Act

  "12. The amendments of the Law and Justice Legislation Amendment Act 1994 made by the Schedule:

(a)do not affect any distribution of a dividend on or before the day on which this Act receives the Royal Assent; and

(b)do not make the trustee liable for any act or omission of the trustee that occurred on or before the day on which this Act receives the Royal Assent.".

(6)The Schedule, Page 9, after the amendments of the Agricultural and Veterinary Chemical Products (Collection of Levy) Act 1994 insert the following:

"Law and Justice Legislation Amendment Act 1994

Subsection 91(1):

  Omit `The amendments', substitute `Subject to this section, the amendments'.

Subsection 91(2):

  Omit the subsection, substitute:

  `(2) So far as the amendments made by section 90 relate to RAS payments, the amendments apply in relation to:

  (a)RAS payments paid after 28 April 1994, regardless of the date of the bankruptcy; and

  (b)RAS payments paid on or before 28 April 1994, if the bankruptcy occurred as a result of a creditor's petition or debtor's petition presented after 28 April 1994.

For the purposes of this subsection, "RAS payments" means amounts described in paragraph (2)(k), (m), (ma), (mb), (mc) or (md) of the Principal Act as amended by this Act.'.".

(7)The Schedule, page 10, at the end of the Schedule add the following:

"Offshore Minerals Act 1994

Schedule 1, paragraphs 7(3)(c) and (d):

  Omit `75%', substitute `25%'.".